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Board of Trustees Meeting November 13, 2007 |
Agenda Item: Old Business
Discussion and/or approval to select a Municipal Finance Firm.
Background:
On September 7, 2007, the
District issued a Request for Qualifications for the services of qualified
firms of certified public accountants to evaluate current finance practices,
internal controls, assist with setting procedures, monthly review of financial
statements, monthly bank reconciliations, accounting support and assistance
with drafting an annual budget document that would be recognized by the
Government Finance Officers Association’s (GFOA) Distinguished Budget
Presentation Awards Program. Qualified firms across the State of
The District received proposals from two experienced companies both specialists in municipal finance. Leaf and Cole, LLP and Moreland and Associates each have vast experience with governments in both providing accounting services and auditing. Leaf and Cole also works with the Special Districts Institute (SDI), the managing partner Steve Northcote presents at the annual SDI Finance Seminar and Moreland and Associates teaches Intermediate Governmental Accounting in conjunction with California State Municipal Finance Officers (CSMFO) Association.
Staff Recommendation:
Because the Finance Committee
meeting is scheduled following the distribution of the Board Packet, the Finance
Committee will review and make its recommendations to the Board of Trustees at
the November 13, 2007 meeting.
Fiscal Impact:
Financial impact not yet determined.